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>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
gallagher in washington, vice president and executive director of msnbc.com. that was general norman swa schwartzkopf you saw on your screen who passed away yesterday. i have a lasting memory of general schwartzkopf who served in the war in vietnam as well as leading gulf storm one. there was a woman from iowa. her name was peg mullen. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." norman schwartzkopf was the battalion commander. he was so approachable to peg mullen, so human in his relations with peg mullen, who sought to find out how her son was killed in vietnam. he died from friendly fire, which, you know obviously meant he was killed within the confines of his own unit by shrapnel from american weapons fired. it was so impressive to read about then a colonel later to become norm an schwartzkopf general "time" magazine's man of the year who was so human. just that clip we just showed right then compared to a lot of military officials who we see on tv. an actual human being would could say i hope i don't make a mistake. things li
to stop. >> in washington, i'm stacy cohan. >> uncertainty over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session on friday in the red for the fifth straight day. a triple digit loss for the dow which tumbled 158 points, the nasdaq lost almost 26 points. the s&p 500 shed almost 16 points. and the gridlock in washington could help the current congress make history as the most unproductive ever. it's amazing. a review by the huffington post shows 219 bills have been passed this session, that's compared to 383 bills passed by the previous congress, and 460 by the group before that. now, to avoid the distinction, congress needs to submit about 100 bills to president obama over the next few days. something tells me they're not going to be able to do that. but there is one thing the senate has been able to agree on, getting aid to victims of superstorm sandy. by a 61-33 vote, the chamber passed the measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process has to start all over aga
decades ago it seemed like nothing we cldn't do and today looking at the fiscal charade in washington, nothing we can do. >> welcome, i'm neil cavuto and 40 years after man left the lunar surface, politicians barely scratching the surface. >> 20 years after the astrouts made the impossible, possible. finger pointing spend thrifts who make the possible, impossible. how did we go from reaching for the stars to reaching to the othe guy's throats. the astronauts who went to the moon and here for yourlf, a jaw dropping special, it's a rare tv first in which we were granted unprecedented access to never befor seen footage and exclusive interviews with the men who g us there. i don't want to give away the entire special, i do want to give you this little tidbit from it. that i think speaks volumes today. heroes who didn't see themselves as heroes at all. >> you're not thinking about what goes wrong, worry is a wasted emotion, it clouds clear thinking that is absolutely needed when something goes wrong. >> people say, boy, you've got a lot of guts, i didn't have juts, i knew what i was doing,
, and count down to the closing bell starts now. we have breaking news from washington. rich edson at the white house where president obama is about to meet with key members of congress, and, rich, there's talk of a scaled down deal put forth by the president. what have you heard? >> it that is the discussion. you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the cl
? >> at the washington poison center in seattle. >> just drowsy, okay. >> and lately, more and more of them sound something like this. >> and today, i took about 90 milligrams of percocet. >> oh you did? >> 6:00, i wasn't really thinking and i did a bar of xanax and i'm reading all this stuff online how that is a very lethal combination. i have a lot of friends who died in their sleep and i just wasn't really thinking. now i'm wondering if i should stay up tonight. >> that kind of call to me is really scary. >> oh, it is scary. >> what goes through your mind? >> so, i would be very frightened about that young man not making it through the night. >> dr. bill hurley is the medical director of the poison center. he is also a trauma doctor. >> possibly too many of his meds. >> they are not sure what all they've got. >> we are here in seattle, in part, because the problem is bad. >> this bottle still has quite a bit in it. >> but also because, as you will see, there are real solutions. >> no other meds? >> for hurley, it started five years ago. >> he's got pinpoint pupils. >> he started noticing overd
, nbc news in washington. >>> bad news in afghanistan. a navy s.e.a.l. was killed during a rate saving dr. dill lop joseph who was kidnapped by the taliban. he was working for morning star development. the rescue mission was launched because u.s. officials believed the to being tore's life was in danger. president obama said the special forces soldier gave his life for a fellow american. >>> into syria, violence spilled over the border leaving 17 people dead. richard engel reports syrians are struggling to deal with the blood shet. >> reporter: parts of syria that are controlled by the rebels, there is no talk at all to finding a peaceful solution. the trips and meetings of hillary clinton with the u.n. and her russian counterpart, there's no hope for a diplomatic solution. instead what the people talk about are the suffering of the people. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. there is also tremendous economic difficulties here. the syrian currency is worth about half of what it was worth when the war began.
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
on wall street continued to talk about washington, that remains a serious issue here. everyone knows that has not been solved yet. the truth is, there is nothing on the table. with that being said, you can see the dow and the nasdaq are down three quarters of 1%. the s&p is the worst of the bunch. bank of america and jpmorgan weighing on the dow jones industrials. i wanted to check in on toyota motors. we are watching this closely. they are doing this $1.1 billion agreement. the owners of the 16 million cars, a lot of complaints, obviously. they do not have to admit guilt. the settlement does not cover injuries and wrongful death. it does cover all of the economic concerns and crisis all these people suffered. liz: thank you so much. we will be back with you in just a few. not only the weather, u.s. jobs are heading to canada also. with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not h
to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomo
know what, the president is the leatheaet lead. i expect him to be in washington rather than out campaigning. the campaigning is over. it's time to sit at the table with the leaders and that's what it's going to take. i'm very disappointing that's not happening. >> i want to play something that house speaker boehner had to say yesterday. >> the revenues we're putting on the table are going to come from guess who? the rich. now, there are ways to limb the deduction, close loopholes and have the same people pay more of their money to the federal government without raising tax rates. >> congresswoman, the "new york times" reporting today that boehner is enjoying the broadest support he has seen in two years but as you know, a lot of conservatives are very angry over his giving any ground on revenue. is the speaker's leadership still strong in your estimation? >> i think it is. and i know that it's a very tough position for our leader to be in. and especially tough when he cannot get the president to come to the table and in addition to that, we have the administration that keeps mov
that vowed to change washington. >> the tea party movement is alive and well. >> it's going to continue to redefine the political landscape in 2012. >> this november we're going to take back the senate and fortify the house. be aware, washington. tea party patriots are alive and well. >> didn't exactly work out that way, now, did it? this election sent tea party stars packing. joe walsh, gone. allen west, gone. richard mourdock, gone. todd akin, gone. and it's not just the election losses. the cracks are springing up all over the tea party kettle. this week, we learned that dick armey, the head of the major tea party group, freedom works, is out. one by one, gop lawmakers have distanced themselves from the tea party's once sacred anti-tax pledge. 44 and counting. and the american people are rejecting the entire movement. the group's disapproval rating has jumped 24 point since 2010. so the tea party's monster looks like its on its last leg. all i can say is, good rid dance. joining me now is former governor of pennsylvania, ed rendell, and now an msnbc political analyst. and joan walsh,
to the most powerful impact of the republican party. norquist can't vote for one. memo to washington who people think there could be a deal easily, these republicans don't fear the wrath of speaker boehner like they do the whip of norquist. in two weeks' time, we'll have a dramatic tax increase. going over the cliff is the only way these norquist controlled republicans can spare the wrath of grover. which i believe having known grover for 35 years is indeed worth than the wrath of khan. so why bother to sell now? it's a pretty legitimate subsequent, can't it? now we rallied 7% from the november woes. and i believe we can keep selling off. not hard, but certainly a couple percent as more and more people recognize that we could be going over the cliff. even if this is why you shouldn't sell. pull back again. perhaps by getting the achievable goal by helping the middle class with tax breaks. remember, it isn't a cliff where you have a hard landing. more kind of a jump on to a trampoline, maybe like a deep swimming pool. there is a recovery that is almost a certainty, but it could be a vicio
. christmas break is already over for president obama. he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are
on such anagreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts tak
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
? as with anything related to washington, there's no easy answer to why we didn't crash today. let me walk you through three different scenarios. gigantic sell-off is right around the corner. we'll get hit hard. it just hasn't happened yet. i got tons of e-mails last night from different theorists. it's just a matter of time. 11%. 15%. people say you ain't seen nothing yet. anything is possible. i wouldn't count on a sell-off. we deserve to sell-off 7% immediately upon initial failure of t.a.r.p. legislation because it was teetering on the abyss. we were on the verge of massive bank loans, atms that might not work because of hefty cash withdrawals. there's always a way to avoid a catastrophe which brings me to the second reason why we didn't collapse. with the debt ceiling deal we got last year, never forget politicians can always agree on something. something small. without any violation of principles. the politician that took no increase tax pledge governor norquist can't vote for one. don't ask him to. he can't vote for one even if the speaker of the house tried to cajole one for a tax incr
at apple as ceo. that money would come in handy in washington, wouldn't it? that is our top story. the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upp
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zo
is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is legal in washington and colorado, do you feel safer on the road? what about people who drug and drive in those states? >> am i driving okay? is it legal is investigating. >> caution, you are about to enter the no spin zone from d.c. begins right now. hi
the budget. in other words, bernanke like so many of us has given up on washington's ability to govern, at least when it comes to the economy. he knows he's alone in trying to get people hired. he doesn't want to be blamed for what happens when we go over the cliff. he's actually more worried about those who don't have jobs than he is about those who do. put simply, the guy's got heart. he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the unemployment rate. when the unemployment rate is going lower and jobs are being created, the positive signs. the congress of course is true, too. now, the problem at the moment isn't with the fed it's with the executive
is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers sug
there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain her
the rest of the world. so 90% of the what happens in growth has nothing to do with washington. it's coming from the private sector itself and we're overcoming a lot of difficulties. on the government side, i think the president's plan is let's grow from the middle out. let invest in the workforce. let's invest in rebuilding the infrastructure of the country. let's try time prove the competitiveness of u.s. industry and we have got to shift to more export and investment-led growth and away from residential investment and consumer spending. i think that's the overview of what he was saying in the campaign. and i think you are right, laura, that the only thick that we were arguing about was high income people's tax rates and should they go back to what they were in the 90's. that would be totally inadequate as a complete plan. i think in 2013, i wish we could do it before, but i think it's going to be 2013, i think we're going to sit down and they probably will hammer out something like a grand bargain. that would be a pretty big accomplishment. that will involve substantial -- will have to i
, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly. the president has come to the table with numerous proposals. he isn't picking a fight. he's fighting for
in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drumbeat against the nra. >>> six days until the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and civil liberty groups take on torture in zero dark thirty. >>> if no deal is reached, the nation will go over the fiscal cliff in a
of the sheriff. >> just broken. >> washington was -- washington barely ran for a second term because he was so tired of being criticized. adams was defeated. jefferson left under a huge cloud. truman is the modern example of every president who gets in trouble wants to be truman because it means history implicates you, right? one of the things that happened was watergate. and it took 30 years, maybe a little bit less, but truman -- remember that one-man show -- >> the merle miller one? >> the plain speaking -- but there was a one-man show that went on just as watergate was breaking. and truman had the great good fortune of having disliked richard nixon early and had a lot of quotations about it. and he suddenly, as faith in the public sector is falling in the early '70s, all the examples you're talking about with truman are looking better and better. a president who, as evan wrote about the wise men, he was the popular embodiment of an american willingness to project power and to stand guard over a really complicated dark world. >> by the way, during the mid'70s, also, even chicago, the band c
the latest on the last-minute wheeling and dealing being done in washington. good morning, lisa. >> reporter: good morning, bianna. well, the next 24 hours are critical. the president this morning in his radio address, told lawmakers don't let washington politics get in the way of american progress. so, the last-ditch attempt is on the way to put together a deal. and the ball is in the senate's court. there's nothing like a deadline to force action. the president met with congressional leaders friday for the first time in six weeks. then, proclaimed himself modestly optimistic. but warned -- >> the american people are watching what we do here. obviously, their patience is already thin. >> reporter: with the clock running out, here's the game plan. the democratic and republican leaders in the senate will spend day trying to hash out a bipartisan agreement. >> i'm hopeful and optimistic. >> reporter: but if there is no deal, the president wants an up or down vote on measures he thinks can pass. extending tax cuts for those making $250,000 or less. and continuing unemployment benefits for the m
now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with demo
in washington, the kind of spending that would cut the 4 billion dollars worth of additional spending every day, that's the long-term not the short-term to prevent being back in this place a year from now and that's going to get the country back on its feet. >> don't get excited. i know gary b will as well. and short-term uncertainty. it's been long-term and we've been going through this for years and washington in the doing anything. what does that do to the economic recovery? >> i think you see it with the stock market, brenda, everything is pretty much frozen. look, you cant pick up a paper, a paper or look on the internet and see fiscal crisis. everyone now is focused on it and i don't care if you're inside the beltway or outside the beltway. and it does a couple of things, if we don't get past this deadline and i agree with larry in principle, but the fact if we don't get past the deadline, people are one, going to view government as totally inept or more inept than it is right now. and businesses free us up and they're afraid of doing anything and the individual freezes up. look, who is g
are watching closely the negotiations in washington over the fiscal cliff and that a lot of consumers are taking a wait and see approach, reluctant to go on a spending spree. >>> okay, i know you've got them, you've got questions about the fiscal cliff, so get them to me by tweeting them to me at my handle at allisoncossack and we'll handle as many as we can during our 5:00 hour. >>> now to the latest on that tragic story out of britain. the investigation continues into the apparent suicide of a nurse at the hospital where the duchess of cambridge is being streeted. she took a prank phone call from two radio deejays -- he called the whole thing truly tragic and also said that we are anxious to review the results of an investigation. the family of the nurse posted about her on facebook. her daughter wrote simply, i miss you, i love yochlt. >>> this dallas cowboys took the field against the cincinnati bengals without two players, linebacker jerry brown jr. was killed early yesterday when the car he was riding in hit a curb at high speed in irving, texas. police say the mercedes went 900
something happens in washington, d.c. hello to you all and welcome to weekends with alex witt. i'm t.j. holmes filling in for alex. a consequence of history in the nation's capital if congress cannot reach a compromise deal on tax and spending cuts. a short time ago, we were hearing from the president talking about the fiscal cliff negotiations. he spoke exclusively on "meet the press" and he had a message for congress. >> at minimum, make sure people's taxes don't go up and 2 million people don't lose their unemployment. i was modestly hopeful yesterday. now, the pressure is on congress to produce. >> the president responded to what would happen if no agreement is reached and the nation does fall over that cliff. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. if people start seeing that on january 1st, this problem still hasn't been solved, that we haven't seen the deficit reduction that we coul
happening in washington, d.c. a lot happening i would assume at the white house. but how engaged is the presidented to in moving this thing forward? >> reporter: good afternoon, t.j. i am told there are conversations going on at the staff level. as you know, he met with congressional leaders here at the white house for about an hour on friday. now sources who are familiar with that conversation tell me that the president essentially said to lawmakers, you have two options. one, come up with a plan that can make its way through both chambers, or allow his proposal to go through a vote in both chambers. and that's what you heard the president referencing in that sound bite that you just aired, t.j. in the president's proposal it calls for extending the bush era tax cuts for those making $250,000 or less as well as extending unemployment insurance benefits. many republicans have an issue with that tax extension for the $250,000 mark because it allows rates to raise on those making more than $250,000. as you heard roy blunt just say, they think that would be bad for the economy. so t
to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. >> i just have to repeat, congress, you are terrible at your jobs. i really don't like working with you. we're going to talk a bit later in the show about everybody hates congress and what we can do about that. but as much as the public hates congress, you really get the feeling that congress' approval rating among president obama is in the neighborhood of negative 75,000 percent. and yes, numbers geeks, not a real number. but he seems really tired of working with these people. but there is a way in which congress, and particularly congressional republicans may actually be helping president obama out right now. everybody's always known two things about the cliff. you're alm
lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the president is having. i'll give you a little sense of what president obama has been up to in hawaii. on saturday he played a round of golf with some of his closest friends and advisers and later in the day he went to dinner with the first lady and frien
said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he coul
are being held hostage you could say to what is happening right there in washington d.c. the traders are on the floor watching moment by moment. the new york stock exchange, cme, and the nymex. you just heard the representative. we have to wait for the senate. we cannot do anything into the senate comes out. what i noticed was 12:30 p.m. eastern when it was announced the president was going to speak the markets took off. when the president spoke the moderated and now we're back up and running. what are you seeing and how important is it? >> first of all, let the volume. continues to be low. i think we are getting -- this morning we had a bit of a technical rally. a massive short-covering. people want to go home in case we do is some kind of a deal. liz: but looking at, for example, the nasdaq. this is a decent job of close to two percentage points. it looks like people are at least trading. there has to be that feeling positivity. >> the president was very a beat. he really did sound good, confident, and very hopeful that he could still get something done. i don't think so. skype thi
. this weekend i welcome dan savidge to talk about guy marriage in washington. >>> right now, the syrian military is prepared to use nerve weapons against its own people. will this guy give that order? new details ahead. >>> president obama remains firm that the wealthy must pay more. a few republicans are joining him. pipa visits sister kate. >>> the $8 million man and nasa's high res look at you on our planet earth. good morning, everyone. i'm lynn berry. this week president obama puts syrian leader bahsar al assad on notice about the use of chemical weapons. and now we know why. pentagon sources tell nbc news that syria is preparing chemical weapons for the possible use against the military people in the form of aerial bombs. jim miklaszewski reports. >> reporter: as the fighting grows more intense and syrian rebels close in on damascus, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence
nationwide. edward lawrence is in washington. edward, good morning. >> reporter: these were vicious, fast-moving storms that ripped across the south. in addition to the deaths, the work crews in the south are working to restore the power in at least five states because of the tornadoes and the blizzard conditions in the midwest. >> reporter: a christmas day tornado tore three mobile, alabama. >> there it is. >> joe michael love pulled out his cell phone to record the twister while miles away it destroyed a church and homes and his son's high school. >> the van is almost destroyed. the fieldhouse is gone. just all the portable buildings for classrooms are gone. >> reporter: here in houston, texas, the tornado destroyed some buildings and tore down power lines. francis lowe and her husband couldn't get away in time. >> we tried to leave at first but could't because the truck was off the ground, and it wouldn't go. finally, it touched the ground, and we took off. >> reporter: damage from a tornado in pearl river, mississippi, stretched a mile wide. eight people were taken to the hospital. te
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